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335 Woodbine St, Brooklyn, ...

Updated Jan 27, 2026

Asher Paskes Acquires Development Site At 335 Woodbine Street From Robert Strickland For $1.475M
SOLDDevelopment Site

Asher Paskes Acquires Development Site At 335 Woodbine Street From Robert Strickland For $1.475M

335 Woodbine St, Brooklyn, NY 11237, USA

$1,475,000

$244/SF

Building Size

6,034 SF

Asset Type

Development Site

Closing

Jul 16, 2020

About this deal

AI

The property asset involved in the transaction is a development site located at 335 Woodbine Street in Bushwick, Brooklyn. The site was sold for a price of $1,475,000, encompassing a building square footage of 6,034. The price per building square footage is $244, and the asset consists of 4 units, translating to a price per unit of $368,769.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,475,000
  • Building Square Footage: 6,034
  • Price Per Building Square Foot: $244
  • Units: 4
  • Price Per Unit: $368,769
  • Seller: Robert Strickland
  • Buyer: Asher Paskes
  • Brokers: BRG’s Northeast Brooklyn & Queens Team – Derek Bestreich, Steve Reynolds, Tom Reynolds
  • Transaction Date: 07/17/2020

Key individuals involved in the deal include the seller, Robert Strickland, and the buyer, Asher Paskes. The transaction was facilitated by brokers from BRG’s Northeast Brooklyn & Queens Team, specifically Derek Bestreich, Steve Reynolds, and Tom Reynolds, who represented the parties in the deal.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$290.4M

vol

111 deals

Broker

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $244 per square foot on a published $1.5M for 6,034 square feet (2020).

Visit Tom Reynolds to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.75%

Cash-on-Cash

-3.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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